Issue Is there a valid contract between Khalid and Siti? Law and Application When Khalid is interested in buying Siti’s painting which she had named “Hawa”‚ Khalid met Siti and told her that he will pay her RM5‚000 for “Hawa”. This is an offer. Offer had be defined in S2(a) Contracts Act 1950 as “when one person signifies to another his willingness to do or to abstain from doing anything‚ with a view to obtaining the assent of that other to the act or abstinence‚ he is said to make a proposal”
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2012 – OCTOBER SEMESTER 2012 STUDENT NAME: CHU THI HONG TUYEN ID No.: 2448481 BMLW5103 – BUSINESS LAW ASSIGNMENT Question 1 Discuss the enforceability of an agreement which lacks consideration. Using legal authorities (relevant statutes and cases) to support your discussion. Answer: A valid contract is an agreement made between two or more parties that creates rights and obligations that are enforced by law. What does the consideration mean? And what does it effect to the agreement? Consideration
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Business Law TRI 1‚ 2011 Assessment 1 3) Norris had decided for some time that he wanted to purchase a motel. After looking at several different areas‚ he settled on Port Stephens in New South Wales as offering him both the potential for a business and the lifestyle he was seeking. He rang a number of real estate agents‚ inquiring whether they had any motels listed for sale. He finally found a motel and general business listed with an estate agent called Evatt. Evatt told Norris that once he got
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CH. 18 – Introduction to Sales 1. What is a merchant under UCC Article 2? 252 A merchant is someone who routinely deals in the particular goods involved. The UCC frequently holds a merchant to a higher standard of conduct than a non-merchant. 2. What are the rules for different terms under Sec. 2-207? 256 If there is no clear oral agreement‚ the Code supplies its own terms‚ called gap fillers‚ which cover prices‚ delivery dates and places‚ warranties‚ etc. 3. What situations are covered by
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Victoria Brock Professor Martin S. Varon BLAW 2200- Section 6 21 October 2014 To find your answers www.gabar.org/barrules/ethicsandprofessionalism/index.cfm1- What types of rules are the Georgia Rules of Professional conduct? Rules of reason 2- Should a lawyer abide by the client’s decisions in all matters of representation? Yes‚ a lawyer shall abide by the clients decisions in all matters. 3- What client information should a lawyer keep confidential and what is the maximum penalty for violating
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Marina Trohin Business Law William A. Shelby 2/13/2013 Introduction At the course of Business Law‚ we got the knowledge about the contract. In addition we have an assignment that provides a contract analysis. This evaluation of the contract will be reviewed in accordance with the following requirements: 1. What specifically makes this contract enforceable? 2. What are the responsibilities
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2. State whether the following provisions in a note impair or preclude negotiability‚ the instrument in each instance being otherwise in proper form. Answer each statement with either “Negotiable” or Nonnegotiable” and explain why. A. A note signed by Henry Brown in the trade name of the Quality Store. Nonnegotiable‚ no fixed amount. B. A note for $850‚ payable to the order of TV Products Company‚ “If‚ but only if‚ the color television set for which this note is given proves entirely satisfactory
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a) Identify aspects of the media report that relate to the law This article reports about the case filed by Anastassia Zissis suing McDonald’s after the slip on at the back of the Myer Centre. Anastassia Zissis injured due to slip on liquid that been spilled in an access passage. These gave rise to different areas of law such as: Contract Law According to Lambiris (2012)‚ the Contract Law is the law about private agreement that give rise to enforceable responsibilities and rights legally
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There are many laws in the world today that some may find are neither rational nor fair for all the parties involved in the situation. I have chosen two laws that I do not think are logical‚ these two are apparent authority and executory process. The first law I will be discussing is an agency this is the right one person has to execute business on behalf of another person or corporation. There are three important parties involved in an agency relationship; the agent (this is who can enter a contract
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Business law *CONTRACT 1) consent- both parties agreed to the conditions of the contract The OFFER should be certain. *Vices of consent (contract is voidable) 1) error or mistake- honest mistake in the amount/ contract. Ex: error in number of units 2) violence or force- forced someone to sign a contract. You never really want to sign it. 3) intimidation or threat or duress- same with number 2. 4) undue influence- ex: superior talking to an employee “if you did not sign the contract meaning
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